Elon Musk now has entry to the funds he’d want to purchase Twitter. According to an SEC filing, Musk has obtained “commitment letters” that may provide about $46.5 billion to purchase all of Twitter’s excellent widespread inventory and take management. The Tesla CEO is “exploring” this tender supply following a scarcity of response from Twitter, the submitting reads.

We’ve requested Twitter for remark. While the corporate hasn’t instantly addressed Musk’s supply, initially pegged at $43 billion, it just lately accepted a brief “poison pill” measure meant to discourage hostile takeovers. The plan would let some shareholders purchase extra inventory if anybody buys greater than 15 % of excellent inventory with out the board of administrators’ approval, diluting the worth of Musk’s stake. He’s already the most important particular person shareholder with 9.2 % possession.

Musk made the supply claiming that it was meant to guard free speech, and has prompt he may unlock Twitter’s potential with options like an edit button (which Twitter was already engaged on) and an open supply algorithm. However, it additionally comes as the chief fights the SEC over alleged finance rule violations that steadily relate to his tweets. The entrepreneur has a number of robust incentives to buy Twitter, and the monetary backing illustrates simply how severe he’s.